Micron Earnings Preview: What to Expect From Upcoming Report
June 24 - Micron Technology 
MU will release its third-quarter fiscal 2025 earnings after the market closes on Wednesday, June 25.
Analysts expect non-GAAP earnings per share to come in near $1.60, reflecting a rise of about 157% year over year. Revenue is projected to grow 30% from the same period last year to approximately $8.86 billion, driven by increased demand for memory and storage chips supporting AI and data center applications.
The company's Compute and Networking segment has been a key revenue driver, contributing $4.56 billion in Q2, or nearly 57% of total sales. Analysts also expect high-bandwidth memory (HBM) shipments and DRAM pricing to support a strong Q3 performance.
Top-rated analysts from firms including Wells Fargo and Citi recently raised their price targets on the stock, citing confidence in Micron's position in AI infrastructure and potential for upside in its guidance. One analyst noted that bit shipments may have been lifted by early production cycles in PCs and smartphones.
Options traders anticipate an earnings-related move of about 9% in either direction, based on current straddle pricing.
Micron has posted earnings beats in eight of the last nine quarters, which may give the stock some upside momentum, though results still need to deliver.
Micron's AI momentum, especially in HBM, remains a central driver for long-term investor interest amid tightening competition.
Is MU Stock a Buy Before Earnings?
Based on the one year price targets offered by 34 analysts, the average target price for Micron Technology Inc is $124.90 with a high estimate of $172.00 and a low estimate of $60.00. The average target implies a upside of +2.31% from the current price of $122.08.
Based on GuruFocus estimates, the estimated GF Value for Micron Technology Inc in one year is $149.59, suggesting a upside of +22.53% from the current price of $122.08.